Corporate reporting and disclosures in the emerging capital market of Kuwait: the perceptions of users and preparers

Issa Dawd (Lead / Corresponding author), Bruce Burton, Theresa Dunne, Hesham Almujamed

    Research output: Contribution to journalArticlepeer-review

    6 Citations (Scopus)
    436 Downloads (Pure)


    The objective of this paper is to investigate the perceptions of users and preparers regarding financial disclosure practices in annual reports of Kuwaiti listed firms. To measure participants’ views, a questionnaire survey was distributed in Kuwait between October and December 2012, to preparers (financial managers) and users (financial analysts) within Kuwaiti listed companies. The study compares between the perceptions of financial managers and financial analysts regarding disclosing information in corporate annual reports as well as the main obstacles facing the disclosure process and what the problems restricting the use of companies’ annual reports. The study also seeks to investigate whether there is a perceived need for improving the usefulness of Kuwaiti companies’ annual reports for decision-making. The results, based on 137 responses, indicate that accounting practices in Kuwaiti firms are firmly rooted in a decision-usefulness tradition with management and the board of directors viewed as the key audience for reporting information. Indeed, the annual reports of Kuwaiti listed companies are perceived as the most important sources of information. On the whole both users and preparers shared similar concerns regarding the volume of information contained within annual reports; however, their views differed in terms of identifying potential solutions. The results of the study are likely to have implications for decision makers, the academic community and accounting standard setters.

    Original languageEnglish
    Pages (from-to)61-72
    Number of pages12
    JournalInternational Journal of Disclosure and Governance
    Issue number2
    Early online date23 Feb 2018
    Publication statusPublished - May 2018


    • Disclosure
    • Kuwait
    • Questionnaire
    • Statistical analysis
    • Users’ and preparers’ perceptions

    ASJC Scopus subject areas

    • Business and International Management
    • Accounting
    • Finance
    • Economics and Econometrics
    • Strategy and Management


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